Forex Trend Analysis Report
Prepared for you on Friday, February 21, 2020.
British Pound/Mauritius Rupee (FOREX:GBPMUR)
Countertrend Up (+85) - GBPMUR is showing short-term weakness. However, look for the longer-term bullish trend to resume. As always, continue to monitor the trend score and utilize a stop order.
Is it time to buy, sell, or avoid GBPMUR?
MarketClub looks at technical strength and momentum to determine if the timing is right for GBPMUR.
Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.
MarketClub’s Trade Triangles for GBPMUR
The long-term trend has been UP since Oct 13th, 2019 at 45.632000
The intermediate-term trend has been UP since Jan 24th, 2020 at 48.369565
The short-term trend has been DOWN since Feb 19th, 2020 at 48.203315
Smart Scan Analysis for GBPMUR
Based on our trend formula, GBPMUR is rated as a +85 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).